Laguna Resorts & Hotels Plc.

History of the Company

Laguna Resorts & Hotels Public Company Limited (“The Company”) was formerly named Thai Wah Resorts Development Company Limited and founded in 1983. It shortly thereafter acquired a large parcel of land on the site of an abandoned tin mine at Bangtao Bay, Phuket, Thailand which was later developed to become the Laguna Phuket integrated resort complex.

Milestones

1987      Dusit Thani Laguna Phuket (formerly Known as Dusit Laguna Resort) opened.

1991      Laguna Beach Resort opened.

1992      Sheraton Grande Laguna Phuket and the Laguna Phuket Golf Club opened.

1993      The Company listed on Stock Exchange of Thailand. Property Sales operations

              commenced with the Allamanda condominium units.

1995      The resort’s flagship hotel, Banyan Tree Phuket opened.

1998      Laguna Holiday Club commenced operations.

2002     The Company acquired a large parcel of land adjacent to Laguna Phuket for future

              development opportunities.

2005     The Company acquired Thai Wah Plaza Limited which houses Banyan Tree Bangkok

              and commercial offices.

2006     Banyan Tree Lijiang, People’s Republic of China and Laguna Holiday Club Phuket

              Resort opened.

2008     The Company entered into an agreement to accquire additional land adjacent to

              Laguna Phuket for future development.